What is the price of galvanized steel round tubing?

The price of raw materials fluctuates at a low level, and the cost is difficult to support; however, most of the price of steel pipes is already at the bottom, the pressure on capital will be eased, and the merchants will continue to be cautious and wait for shipments; therefore, the price of gi pipes or the mainstream will remain stable and wait-and-see. There may be a fine-tuning trend. What are the main factors affecting the price of galvanized steel pipes:
1. The real estate industry accelerated into the adjustment period, and steel demand was greatly affected. At the same time, the commodity housing stocks of major cities in the country hit a record high again. The first-tier cities saw the most obvious rise, the inventory pressure was high, and the market bearish sentiment was serious; and the real estate downturn has already Spread to the land market, land flow shots frequently appear, and even if there are transactions in many areas, it is also shot at a low price.
2. The weak raw materials are difficult to change. As the price of raw materials fell faster than steel prices, the profitability of steel mills improved, production enthusiasm did not decrease, crude steel output continued to show growth, and supply pressure was high in the later period. Due to poor turnover, merchants were not active in stocking, and kept more light warehouses. Goods, inventory pressure like steel mill transfer; high supply plus seasonal off-season, late destocking pressure is not optimistic. As domestic steel demand has decreased, port inventories have continued to climb, and iron ore port stocks are more likely to be financing rather than industrial demand.
3. China’s micro-stimulus policy, which was mainly based on infrastructure construction, has been continuously overweight, effectively promoting economic growth. Emphasizing that the Chinese economy will not make a hard landing, indicating that the micro-stimulus policy will continue to increase, and the demand for steel that was released in July in the infrastructure projects that have been implemented in the previous period is also expected. Although the signs of tight liquidity in the interbank market are still showing, the money shortage has not appeared, and in the long run, the loosening of funds will remain the norm.

Most Recent Entries

gi pipe
gi pipe
gi pipe
gi pipe
gi pipe

Contact us